SHA:688021 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	88.88	59.68	49.73	105.42	220.61	296.62
Short-Term Investments	-	-	-	55.77	32.62	55.77
Trading Asset Securities	7	-	-	-	-	7.09
Cash & Short-Term Investments	95.88	59.68	49.73	161.19	253.23	359.48
Cash Growth	59.10%	20.01%	-69.15%	-36.35%	-29.55%	-15.98%
Accounts Receivable	125.5	171.31	139.16	197.26	108.64	231.86
Other Receivables	1.57	0.43	0.36	0.61	0.92	0.93
Receivables	127.07	171.74	139.52	197.87	109.56	232.79
Inventory	228.62	231.57	237.98	311.8	303.64	228.55
Prepaid Expenses	-	0.03	0.28	1.59	-	1.1
Other Current Assets	38.51	31.56	28.54	26.67	30.86	26
Total Current Assets	490.08	494.58	456.03	699.13	697.29	847.92
Property, Plant & Equipment	542.1	569.54	629.42	667.69	634.88	470.19
Long-Term Investments	8.19	8.27	8	4.88	4.08	4.08
Other Intangible Assets	50.12	51.8	56.83	58.7	58.24	44.52
Long-Term Deferred Tax Assets	16.58	18.88	23.71	22.89	18.37	10.93
Long-Term Deferred Charges	3.2	3.83	0.53	0.82	0.58	0.21
Other Long-Term Assets	26.53	10.44	15.67	25.75	27.32	53.2
Total Assets	1,137	1,157	1,190	1,480	1,441	1,431

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	41.29	34.62	23.15	93.91	63.88	158.75
Accrued Expenses	7.24	11.87	9.41	6.18	5.65	14.99
Short-Term Debt	41.03	65.68	84.13	221.97	209.01	188.23
Current Portion of Long-Term Debt	66.29	33.08	38.28	30.07	16.97	0.01
Current Portion of Leases	-	1.04	1.84	2.29	2.22	2.62
Current Income Taxes Payable	9.35	0.14	-	0.01	0.14	0.68
Current Unearned Revenue	3.48	2.98	5.44	2.71	7.52	15.17
Other Current Liabilities	12.95	25.52	29.87	43.02	39.22	53.15
Total Current Liabilities	181.63	174.93	192.12	400.17	344.62	433.61
Long-Term Debt	36	71.11	94.58	112.33	117.6	9.96
Long-Term Leases	0.76	0.99	2.89	-	4.33	1.21
Long-Term Unearned Revenue	29.83	32.93	37.17	41.07	41.13	32.25
Long-Term Deferred Tax Liabilities	0.02	0.02	0.07	0.08	0.07	0.01
Other Long-Term Liabilities	-	-	-	-	0.11	0.15
Total Liabilities	248.23	279.98	326.84	553.64	507.86	477.2

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	76.41	76.41	76.41	77.28	77.28	77.28
Additional Paid-In Capital	614.22	614.22	614.22	628.01	624.34	612.61
Retained Earnings	194	181.82	167.11	211.08	219	246.93
Total Common Equity	884.63	872.45	857.74	916.37	920.62	936.83
Minority Interest	3.95	4.92	5.62	9.84	12.27	17.03
Shareholders' Equity	888.58	877.37	863.36	926.21	932.9	953.85
Total Liabilities & Equity	1,137	1,157	1,190	1,480	1,441	1,431

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	144.08	171.9	221.71	366.66	350.13	202.04
Net Cash (Debt)	-48.2	-112.22	-171.98	-205.46	-96.9	157.44
Net Cash Growth	-	-	-	-	-	-46.91%
Net Cash Per Share	-0.62	-1.45	-2.31	-2.59	-1.24	2.03
Filing Date Shares Outstanding	77.88	76.41	76.41	77.28	77.28	77.28
Total Common Shares Outstanding	77.88	76.41	76.41	77.28	77.28	77.28
Working Capital	308.45	319.64	263.92	298.97	352.67	414.31
Book Value Per Share	11.36	11.42	11.22	11.86	11.91	12.12
Tangible Book Value	834.51	820.65	800.91	857.67	862.38	892.3
Tangible Book Value Per Share	10.71	10.74	10.48	11.10	11.16	11.55
Buildings	-	274.67	292.81	275.9	227.3	166.96
Machinery	-	514.23	485.14	517.21	391.27	268.24
Construction In Progress	-	59.62	80.3	70.18	157.81	138.9